388 Greenwich Street from Battery Park City North Esplanade. American multinational investment bank and financial services corporation headquartered in New York City. Citigroup is ranked 30th on the Fortune 500. Citigroup minority interest deposit taking institutions investopedia forex forex over 200 million customer accounts and does business in more than 160 countries.
24 primary dealers in United States Treasury securities. Investment Banking provides strategic and financing products and advisory services to multinational and local corporations, financial institutions, governments, and privately held businesses in more than 160 countries. Securities Services includes investor services and direct custody and clearing, hedge fund and private equity servicing, and issuer businesses. Mexico, it serves about 20 million clients. Citibank as well as several international banks. Citicorp contains two core businesses, Global Consumer Banking and Institutional Clients Group. Citi Branded Cards is the world’s largest credit card issuer.
Citi Retail Services is one of the largest providers of private label and co-branded credit cards, retail consulting services, and retail loyalty products in the U. Citi Commercial Bank serves 100,000 small to medium-size companies in 32 countries. 140 billion merger of Citicorp and Travelers Group to create the world’s largest financial services organization. The company organically entered the leasing and credit card sectors, and its introduction of U.
In 1976, under the leadership of CEO Walter B. Shortly afterward, the bank launched the Citicard, which pioneered the use of 24-hour ATMs. The corporate logo of Travelers Inc. Travelers Group, at the time of merger, was a diverse group of financial concerns that had been brought together under CEO Sandy Weill. The deal would enable Travelers to market mutual funds and insurance to Citicorp’s retail customers while giving the banking divisions access to an expanded client base of investors and insurance buyers. 70 billion in stock, issuing 2.
5 new Citigroup shares for each Citicorp share. Existing shareholders of each company owned about half of the new firm. Steagall Act—enacted following the Great Depression—forbade banks to merge with insurance underwriters, and meant Citigroup had between two and five years to divest any prohibited assets. Plumeri worked on the post-merger integration of the two companies and was appointed CEO of Citibank North America by Weill and Reed. He oversaw its network of 450 branches. The company spun off its Travelers Property and Casualty insurance underwriting business in 2002.